BlockBeats News, March 19th, Hyperliquid's 50x Leveraged Whale responded to ZachXBT through its X account @qwatio, stating, "Baseless speculation, the accusations from ZachXBT are disappointing/surprising. Hopefully, he can at least point out the so-called 'stolen funds.' In the worst case, our wallet may have received some small ETH dust transactions; our wallet receives tens of thousands of transactions from scammers every day."
BlockBeats previously reported that on March 18th, on-chain detective ZachXBT stated that the highly-watched "50x leverage profit whale" in the market is actually a cybercriminal who is using stolen funds for gambling. ZachXBT also ruled out the possibility that the address is associated with the North Korean hacker group Lazarus Group.